Insurance Options
Personal
R100,000 cover
from *R235 p/m
Business
R250,000 cover
from *R249 p/m
Trusts
R250,000 cover
from *R199 p/m
*Terms and Conditions apply.
Each taxpayer must have his own policy
WHAT WE COVER
The cost of defending your case or justifying your position to SARS can
be considerable.
We cover the cost of defending:
WHAT WE DON'T COVER
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Audits and disputes which have commenced prior to the inception of the policy
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Audits from tax returns which were submitted late, without extensions being granted
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Where proper records were not kept
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Where fraud or crime is involved
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Costs of tax return preparation
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Matters outside RSA borders
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Any taxes, interest, penalties or fines correctly imposed by SARS
INDEMNITY LIMITS
WHY CHOOSE TAX RISK INSURANCE
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Only protection of its kind in South Africa in the event of SARS' tax audits and related disputes
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Available for businesses, individuals and trusts
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SARS is targeting SMMEs, trusts and High-Net-Worth Individuals (HNWIs)
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Cost of a SARS' tax audit and related disputes can run into thousands of Rands
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No matter how good your accountant/tax practitioner is, you may be selected for a tax audit
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Sometimes you need to go to court - tax lawyers are expensive
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Incorrect tax assessments can bankrupt you
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Cost of a SARS' tax audit can force you to shut down your business
HOW WE HELP YOUR CLIENTS
We offer individuals, business owners and trusts immediate expert assistance from unfair or incorrect tax re-assessments that often come with being selected for a SARS' tax audit.
We guarantee:
Affordable premiums
Easy to understand cover
Cover is retrospective - no waiting periods
Access to South Africa’s top tax specialists/ lawyers
Once policy is active - assistance no matter how far back SARS reassesses
Fair tax treatment and audit outcomes
Your accountant’s fees are covered for services during the claim
Can claim more than once a year
Experts to assist you when there is an unexpected SARS’ tax audit and related disputes
Fixed indemnity limits so you know what you have available
Reference Material
Review the tax dispute resolution flowchart for easy reference in understanding tax dispute procedures.
View PDFTax Risk Insurance rescues SMME from SARS nightmare
Mr Jones,* a sole trader, operating a medium-sized sales business from a smallholding in the northern parts of Johannesburg, believes that taking out Tax Risk Insurance for his company, saved his business from financial ruin.
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